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193
Jan 10, 2014
01/14
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FBC
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one man, eddie lambert. the cutbacks in 2013 by 50% and that is not normal because macy's, wal-mart, target sprucing up their stores, sears going away and kmart. liz: you saw chris is upset, that makes the point. people are always shooting the messenger which usually is us in the media. do you understand? sears has great, great real-estate holdings, plus if they don't own the pieces of property under which their spores are they are able to first refused, does that not put value in these wars? look at this. they are huge landowners. >> you are my girl. without way and how valuable is it if you are not investing? how valuable is a craftsman or land's an end to show your clothes? they are not investing in core brands or scores and the hard assets skiers thinks is worth some much money, and a shout out to chris, that shop on your way program is ruining the company from the inside out because it is lowering margins and giving product the way for free. liz: they have brands like kenmore, die hard, not just sold in
one man, eddie lambert. the cutbacks in 2013 by 50% and that is not normal because macy's, wal-mart, target sprucing up their stores, sears going away and kmart. liz: you saw chris is upset, that makes the point. people are always shooting the messenger which usually is us in the media. do you understand? sears has great, great real-estate holdings, plus if they don't own the pieces of property under which their spores are they are able to first refused, does that not put value in these wars?...
214
214
Jan 14, 2014
01/14
by
BLOOMBERG
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i'm not saying specifically eddie lambert or the lachman, but can you take over a retail store -- or bill ackman, but you you just take over a retail store and say, i got this? >> it is complicated and multichannel. you have competition on every corner. it is a very tough this is. you cannot move the oil tanker overnight. thesees time for businesses to shift strategies. it is very difficult to expect instantaneous change just because an activist decides they want to get involved. having said that, i do think activist investors will be much more prevalent within the consumer space. there are many companies with a strategies inth today's world. and not that the activist is the one that actually takes over the company and becomes ceo or dominates it -- >> eddie lampert style. >> but take a look around. jones started with an activist. whether it is a conglomerate that needs to be broken up, a company that needs -- that is sitting on too much cash, or a company that investors overall are not valuing what the management is doing and there needs to be a change agent, i think you'll see a lo
i'm not saying specifically eddie lambert or the lachman, but can you take over a retail store -- or bill ackman, but you you just take over a retail store and say, i got this? >> it is complicated and multichannel. you have competition on every corner. it is a very tough this is. you cannot move the oil tanker overnight. thesees time for businesses to shift strategies. it is very difficult to expect instantaneous change just because an activist decides they want to get involved. having...
142
142
Jan 10, 2014
01/14
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FBC
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eddie lambert has run this like a conglomerate not a retail business and it's a tough business, eddie lambert has figured that out and not running the stores, and unfortunately i think sears is going the way of the dinosaur. stuart: i have a bright spot in retail. abercrombie says it sold big on-line and up goes the stock. the price is down 30% in a year. look at it today. some 14%, what have you got to say about that, john? >> i like abercrombie, exactly what things are going on with sears, abercrombie & fitch is doing well and the on-line stuff. that's the migration of everything you're doing. it's a total retail experience. stuart: it's on-line and that's where it's at. i've got new details on target from the data breach. it's 70 million customers whose names were breached. names, e-mails addresses stolen. 70 million. the company lowered the profit outlook as well. john, i say that stock is actually a buy. sooner or later, this is going to be out of the way and the banks will probably end up paying for this. what do you say? >> i think it's a buy, stewart. if it's not a buy here, v
eddie lambert has run this like a conglomerate not a retail business and it's a tough business, eddie lambert has figured that out and not running the stores, and unfortunately i think sears is going the way of the dinosaur. stuart: i have a bright spot in retail. abercrombie says it sold big on-line and up goes the stock. the price is down 30% in a year. look at it today. some 14%, what have you got to say about that, john? >> i like abercrombie, exactly what things are going on with...
97
97
Jan 9, 2014
01/14
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CNBC
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. >> there's no eddie lambert put to the stock right now? >> it's a discount. >> it's working against you now. >> it has for quite some time. think about it. this is a stock with a monstrous short interest. i'm not telling people they have to get short on the back of this. we've been trying to play it from the short side because you can have some sort of event where these folks get squeezed out. to josh's point, this stock does the slow drip lower, lower, lower. shorts have been winning. and at certain points, there's nothing that eddie can do. >> earnings growth is negative 28% over the last five years. it really doesn't matter, the fact there's a lot of shorts. at a certain point, the shorts are right. >> it's an irrelevant stock at this point in time. nobody ever goes there. look at the two that's going on right now. abercrombie & fitch doing well. sears going awful. when i was a kid, i got my toughskins at sears. >> what? >> toughskins. you never had stuff toughskins. >> what's a toughskin? >> it's a jean that had extra padding on the kn
. >> there's no eddie lambert put to the stock right now? >> it's a discount. >> it's working against you now. >> it has for quite some time. think about it. this is a stock with a monstrous short interest. i'm not telling people they have to get short on the back of this. we've been trying to play it from the short side because you can have some sort of event where these folks get squeezed out. to josh's point, this stock does the slow drip lower, lower, lower. shorts...
115
115
Jan 8, 2014
01/14
by
CNBC
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eye 115
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and then, you have, on top of that, what is eddie lambert going to do? they're going to sell assets. i don't see how there's any way that the sears valuation makes any sense in any scenario. if they turn the business around, they're going to end up being a macy's? macy's is already there. you can buy macy's at 11-times, 12-times earnings. you know they can execute. they're doing it right now today. just today, after the bell. we see macy's cost-cutting. it's a small part of their overall staff. but they raised their guidance. and at 12-times earnings, why would you take all of the risk of owning a sears? owning a jcp when you have the best in class already at the best valuation? >> all right. it wouldn't be a party -- >> no. >> without two things. regis and tequila. coming up, we talk to the ceo of one of the fastest growing tequi tequila brands. and regis visits "fast money." >> hang in there. "fast money" will be back right after this. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indi
and then, you have, on top of that, what is eddie lambert going to do? they're going to sell assets. i don't see how there's any way that the sears valuation makes any sense in any scenario. if they turn the business around, they're going to end up being a macy's? macy's is already there. you can buy macy's at 11-times, 12-times earnings. you know they can execute. they're doing it right now today. just today, after the bell. we see macy's cost-cutting. it's a small part of their overall staff....